The environmental ecosystem and its ability to host all life forms are deteriorating. Industrialization is one of the leading causes of environmental decay. Years of digging the Earth for natural resources, burning fossil fuels to power all forms of mechanized equipment, years of hunting for timbers and felling trees, and all other factors rolled together create a ripple effect that gravely damages the environment.
While the adverse effects of industrialization are unintended, It is essential to check the rate of environmental deterioration to forestall a total collapse. The negative effects of industrialization are a clarion call to utilize all forms of human ingenuity and creativity to save the Earth and keep it compatible with life.
Technology is a potent tool for cleaning up the environmental mess. Business models, government policies, manufacturing processes, education, and other forms of human civilization can integrate Artificial Intelligence to reestablish a green environment or, at the least, prevent further decay.
Blockchain has found use cases in fintech, voting, digital identity, health, and agriculture as it continues to evolve. The world can also exploit this nascent technology to enable a sustainable environment. Blockchain providers like 5ire are capitalizing on the potential of this technology to develop a blockchain solution that fosters sustainability.
It is vital that defining features of Blockchain must be revisited so that the role of Blockchain in salvaging the environment is appreciated.
Blockchain is decentralized
Unlike traditional infrastructures, independent nodes distributed over the network run the Blockchain. These nodes reach a consensus via a governing consensus protocol. This feature of Blockchain enables it to eliminate a central oversight in its activities, hence making the outcome of a consensus impossible to be manipulated by a node. Furthermore, this makes Blockchain more transparent and trustworthy than traditional solutions.
Once verified and added to the chain, data recorded on the Blockchain cannot be changed. This permanency confers Blockchain with the ability to track provenance. The source of raw materials and other environmental resources can be registered on the block and tracked to their destination. This process will eliminate the sale of fake products and monitor the usage of these resources.
Enhanced security necessary to host sensitive data is vital in the development of Blockchain. This foolproof security protocol defends the network against all forms of attacks from malicious actors. Secured with cryptography and other security patches, Blockchain can resist attacks from hackers, ensuring the safety of stored information. Interestingly, 5ire is quantum-resistant. With this security feature, defiling 5ireChain by malicious programs from future quantum computers is a feat not yet common amongst existing blockchain infrastructures.
The protocol on the Blockchain is public and available to anyone on the internet. This protocol enables transparency on-chain. Anyone on the internet can view the transaction on the chain, ensuring transparency.
Blockchain is faster and more efficient than traditional infrastructures. This efficiency makes it easier to process data. This technology eliminates slow processes in the conventional system, making it faster.
Blockchain technology can facilitate innovations in the following areas.
- Climate Change- Human activities are creating a vicious cycle of events that are driving climate change. The effects of climate change include extreme storms, rising sea levels, increasing temperature, and so on.
- Biodiversity and Life Conservation- Human hunting for prosperity and civilization generates counterproductive results. A good example is how deforestation exposes the land to the mercy of flood, endangering bio life, washing away arable lands, and precipitating erosion.
- Aquatic Life- From chemical to plastic wastes, the natural composition of the oceans is changing rapidly. As per Weforum, the ocean is responsible for 50% of the oxygen on Earth, 16% of all animal protein consumed globally, and houses a myriad of aquatic life, of which 91% of marine species are yet to be identified. This study throws light on the far-reaching effects of disrupting the natural habitat of aquatic life.
- Water Security- To no small extent, the freshwater supply drives the world economy. The water available to humans is losing quality as the Earth accumulates more waste. A recent post by The Guardian reports the presence of microplastics in human blood.
- Clean air- As the world population grows, most of which migrate to urban areas, more people live in poorly ventilated homes, below the WHO recommendation for air-quality guidelines. This quality of living endangers the health of the human population, especially in developing countries.
- Disaster Occurrence Relief- Blockchain can help provide immediate relief to people affected by natural disasters. On that same note, the pattern of natural disasters can be monitored and tracked over time. This phenomenon can help develop a warning system before the occurrence.
In integration with other emerging technologies, Blockchain can facilitate the rebuilding of the environment and make it more life-compatible. Interestingly, the use case of Blockchain evolves every day as adoption grows, increasing its potential in making the technology a vital tool for building a sustainable environment.
Blockchain solutions have a vital role to play in each of the environmental challenges highlighted above. These roles include integrating Blockchain into government policies, public-private sector collaboration, responsible investing, and incentivization of good practices. Blockchain solutions like 5ire are already deploying real-world use cases in tackling these problems. We have bolstered the impact of the novel technology further below; however, one must note that Blockchain will be effective when deployed alongside other technologies like AI, IoT, Oracle Computing, and others.
The world can utilize Blockchain in various ways to save our ecosystem from adverse changes. Blockchain solutions for climate change occur in use cases like clean power, intelligent transport systems, smart cities, sustainable land use, and manufacturing. The list cannot be exhausted because more innovative ways to use Blockchain arise daily.
Biodiversity and Life Conservation
With many animal and plant species getting endangered every day, it is essential now more than ever that we adopt pollution control, sustainable trade, habitat conservation, and sustainable trade. These and many environment-friendly practices can be incentivized and tracked over a blockchain. This process includes tracking the use of insecticides and other methods of pest control, fertilization methods, land use, and others. In each case, Rewarding conservative practices over non-conservative ones is a vital step toward sustainability.
Life species hosted underwater are also at the risk of going extinct from poor practices. The world can make use of the following solutions to save this situation. We should monitor fishing practices along with real-time tracking of water PH, incentivize data collection on aquatic life, and track fish species and marine products from sources through the supply chain. These can be implemented and monitored over a blockchain. Industrial waste should also be tracked from start to destination, determining the primary sources and extent of water pollution.
Sustainable water use and conservative management can be tracked, incentivized, and monitored over a blockchain. Water is scarce, especially in North Africa, Central Asia, West Asia, and others. As the demand for water increases, Blockchain can help to ensure its conservative use through monitoring distribution and use. Conventional water use can be picked up via an oracle and fed to a blockchain network. This practice can then be rewarded.
Smart devices can monitor the quality of prevalent air in a particular place. This data can be incorporated into the Blockchain, hence monitoring the fluctuations in air components.
Disaster Occurrence Relief
A natural disaster is one of the leading causes of internal displacement. While the world searches everywhere for solutions to mitigate the after-effects of disasters, blockchain developers are coming up with a novel approach. This novel tech can ensure accountability, trust, and transparency of the relief efforts to provide resources we could effectively utilize for a specific purpose. Blockchain can also alleviate disaster effects by allowing easy registration for disaster relief volunteers, collecting and distributing relief materials, and recording transactions and activities related to relief management.
Blockchain can provide solutions to many of the world’s pressing problems. 5ire is a blockchain ecosystem leading the pace in utilizing this technology to build a sustainable environment. Investors, governments, and sustainability advocates admire our holistic approach.
More information about 5ireChain can be found by clicking on the following links:
White paper: https://bit.ly/3Qcsmor